Quantbot Technologies LP Acquires 14,567 Shares of SPS Commerce, Inc. $SPSC

Quantbot Technologies LP raised its holdings in SPS Commerce, Inc. (NASDAQ:SPSC) by 125.7% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 26,154 shares of the software maker’s stock after acquiring an additional 14,567 shares during the quarter. Quantbot Technologies LP owned approximately 0.07% of SPS Commerce worth $3,559,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of SPSC. Nordea Investment Management AB boosted its stake in shares of SPS Commerce by 505.3% during the second quarter. Nordea Investment Management AB now owns 1,330,237 shares of the software maker’s stock valued at $177,587,000 after purchasing an additional 1,110,476 shares during the period. Geode Capital Management LLC increased its stake in SPS Commerce by 1.2% in the 2nd quarter. Geode Capital Management LLC now owns 975,890 shares of the software maker’s stock worth $132,824,000 after buying an additional 12,046 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in SPS Commerce by 34.1% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 887,615 shares of the software maker’s stock valued at $117,813,000 after buying an additional 225,848 shares in the last quarter. Geneva Capital Management LLC lifted its holdings in SPS Commerce by 7.5% during the 2nd quarter. Geneva Capital Management LLC now owns 619,031 shares of the software maker’s stock valued at $84,244,000 after buying an additional 43,330 shares in the last quarter. Finally, Northern Trust Corp boosted its position in SPS Commerce by 0.7% in the 1st quarter. Northern Trust Corp now owns 513,370 shares of the software maker’s stock valued at $68,140,000 after buying an additional 3,329 shares during the period. Hedge funds and other institutional investors own 98.96% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Northland Securities set a $109.00 target price on shares of SPS Commerce in a research report on Friday, October 31st. Northland Capmk raised SPS Commerce from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 31st. Wall Street Zen lowered SPS Commerce from a “buy” rating to a “hold” rating in a research report on Tuesday, October 14th. Cantor Fitzgerald cut SPS Commerce from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $135.00 to $80.00 in a report on Friday, October 31st. Finally, Robert W. Baird set a $104.00 price target on SPS Commerce in a research report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $106.80.

SPS Commerce Stock Up 0.2%

Shares of NASDAQ:SPSC opened at $83.63 on Friday. The firm has a 50 day moving average of $94.69 and a 200 day moving average of $115.40. The company has a market capitalization of $3.15 billion, a price-to-earnings ratio of 37.50 and a beta of 0.60. SPS Commerce, Inc. has a 52 week low of $73.05 and a 52 week high of $201.06.

SPS Commerce (NASDAQ:SPSC) last announced its earnings results on Thursday, October 30th. The software maker reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.14. The business had revenue of $189.90 million for the quarter, compared to analysts’ expectations of $192.68 million. SPS Commerce had a return on equity of 12.17% and a net margin of 11.65%.The business’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.92 EPS. SPS Commerce has set its FY 2025 guidance at 4.100-4.15 EPS and its Q4 2025 guidance at 0.980-1.020 EPS. On average, sell-side analysts expect that SPS Commerce, Inc. will post 2.73 EPS for the current year.

About SPS Commerce

SPS Commerce, Inc provides cloud-based supply chain management solutions in the United States and internationally. It offers solutions through the SPS Commerce, a cloud-based platform that enhances the way retailers, grocers, suppliers, distributors, and logistics firms manage and fulfill omnichannel orders, optimize sell-through performance, and automate new trading relationships.